April 14 2006
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APRIL 14, 2006. DR V N BEDEKAR MEMORIAL LECTURE. ‘LEADERSHIP FOR ASIA’S WINNING EDGE IN THE GLOBALISED ECONOMY’ - ROLE OF MANAGEMENT EDUCATION. PROF Y K BHUSHAN – SENIOR ADVISOR ICFAI BUSINESS SCHOOL – MUMBAI, INDIA. GLOBALIZATION – THE CONCEPT.

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DR V N BEDEKAR MEMORIAL LECTURE

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April 14 2006

APRIL 14, 2006

DR V N BEDEKARMEMORIAL LECTURE

‘LEADERSHIP FOR ASIA’S WINNING EDGE IN THE GLOBALISED ECONOMY’ - ROLE OF

MANAGEMENT EDUCATION

PROF Y K BHUSHAN – SENIOR ADVISOR

ICFAI BUSINESS SCHOOL – MUMBAI, INDIA


Globalization the concept

GLOBALIZATION – THE CONCEPT

Integration of national economies into the international economy through free flow of goods, services, capital, labour and technology

Information Technology & Communication revolution instrumental in globalization

Satellite dishes, Globe-spanning television networks, Internet

Facilitated by governments’ unprecedented support for global integration in recent decades


Asian resurgence

ASIAN RESURGENCE

First millennium - Asia’s – Storehouse of Innovation

Second millennium - Western domination and Relegation of Asia.

Third millennium - resurgence of Asia – a Force in Global Economy

Towards Asian Unity – Regional Pacts

Engine of growth for the world economy

Asia’s Forex reserves - $2.5 trillion, two-thirds of world total

From imitation to innovation – Japan, China, India

Asia’s emerging giants – India and China- Our time has come


India the emerging star of asia

INDIA - THE EMERGING STAR OF ASIA

India will emerge as the world’s third largest economy by 2040 – BRIC report, Goldman Sachs

Booming capital market, Burgeoning forex reserves, Buoyant exports

World’s ‘Back office’

‘Demographic dividend’:

Median age: India – China 24.5 years

R&D and Design Capabilities

John Welch Technology Centre of GE, US, in India employs 2400 scientists and engineers to design aircraft engines to default predicting systems for GE capital.


India shining

INDIA SHINING

Vibrant Economy

Fastest Growing Economy

Booming capital market

Burgeoning forex reserves

Buoyant exports


Can india be the leader

CAN INDIA BE THE LEADER ?

It has the Challenge and the Opportunity

Brakes of Democracy – slow down in infrastructure –

education

Welcome Sign : ‘Shift from Borders to Business’


Challenges opportunities

CHALLENGES & OPPORTUNITIES

Challenges Opportunities

Poverty Democracy

Character Crisis Language

Brakes of Democracy Unutilized Labour

Politicisation Leadership Capacity

Regulatory Mindset Killer Instinct (Up Front)

Inadequate investment Growth Over 8 %

In Education


Guess what the puzzle

GUESS WHAT ? THE PUZZLE !

It is a word on everyone’s lips. The young attack it and the old grow wistful for it. Parents have lost it and police seek it. Experts claim it and artists spurn it, while scholars want it. Philosophers reconcile it (as authority) with liberty and theologians demonstrate its compatibility with conscience. If bureaucrats pretend they have it, politicians wish they did. Everybody agrees that there is less of it than there used to be.


India vs china leveling up

INDIA Vs CHINA – LEVELING UP

Thornton Survey of Business Owners (30 Countries)

Barriers to expansion – LANGUAGE – 28% China ,

24% India

POLITICAL INSTABILITY : 36% China , 31% India

EXPORTS - China 45% SMEs – 25 % Turnover

India 31% SMEs

 China – India Threat and Opportunity

UP BEAT - 93% Indians ; 79% Chinese


Role of national leadership

ROLE OF NATIONAL LEADERSHIP

♦Leadership is the passionatepursuit of progressivepurpose with (im)passionedpeople

♦Do we have it ?

-Passion ?

- Pursuit ?

- Progressive Vision - purpose – shifting goals

- (Im)Passioned People


Role of leadership

ROLE OF LEADERSHIP

Leadership as an exercise of Influence for – SERVICE, CONTRIBUTION, STEWARDSHIP, DEVELOPMENT BUSINESS

LEADERSHIP AS A ……….

- Choice (Moral Authority)

- Right makes might

- Integrity is loyalty

- Stubborn refusal

- The ‘wrong’ is in doing wrong

-Be a model not a critic

-‘To be rather than to do’


Models of leadership change charisma to business

MODELS OF LEADERSHIP-CHANGE - CHARISMA TO BUSINESS

LEADERS – FORMAL Vs MORAL AUTHORITY MATRIX

High +

+ Hitler + George

Washington

+ Man Mohan

- Many- MahatmaGandhi

- Celebrities

Low - CHOICE (Moral Authority) High +

( Stephen Covey )

Position

(Formal

Authority)


Models of leadership national corporate

MODELS OF LEADERSHIP(NATIONAL & CORPORATE)

‘Man Mohan – Murthy’ Vs ‘Bush – Blair’

Gentle,Firm,Relentless Bluff, Boldness,

Humble,Ethical, Brashness,

Moral authority,Discipline Vendetta, Arrogance,

Progressive,Professional Insensitivity,

Sensitive, Principled Resourcefulness Courage,Maneavouring


Dr v n bedekar memorial lecture

LEADERSHIP FOR INDIA’S LEADERSHIPIndia cannot advance only on economic growth Need for leaders with ‘voice’ who can conscientise to get people find their voice

PERSONAL GREATNESS

Vision, Discipline, Passion

Conscience – The 7 Habits

The 8th Habit

LEADERSHIP ORGANIZATIONAL

GREATNESS GREATNESS

The 4 roles of Leadership Vision,Mission,Values

Modeling (7H),Pathfinding Clarity,Commitment

Aligning,Empowering Translation,Synergy

Enabling,Accountability

(Based on Covey)


Need for organizational leadership

NEED FOR ORGANIZATIONAL LEADERSHIP

Organizations for a thrust to greatness –

( Not just goodness)

Change

From To

Inward LookingResponding (Competitiveness)

Cold / Arrogant Warm & Caring

Output Minded Quality Minded

Routine ExistenceExciting Existence

PersonalisticProfessional

BureaucracyEntrepreneurial


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FROM TO

Bottom-Line Driven Values-Based

FlabbyLean

Crisis DrivenVision Driven

FragmentationBonding

(Communication

Strategic)

ExploitiveRewarding (Fair Play)

Politics DrivenGoal Driven


Leadership at all levels

LEADERSHIP AT ALL LEVELS

VIP MODEL

Validation

Involvement

Participation

Empowering

Enabling

Encouraging


Education nursery of leadership

EDUCATION – NURSERY OF LEADERSHIP

‘Even old dogs will have to learn new tricks’

Teaching / Learning Paradigms

Education for being and not just doing

Meritum Ethicus

Leadership at School Level (P N Singh Foundation Work)

Community Orientation


Role of management education for all streams

ROLE OF MANAGEMENT EDUCATION FOR ALL STREAMS

Large numbers of Schools – Small number of Quality Schools

Break the Numbers Barrier – ( Kalam)

De-regulate – Let the unworthy exit

Banish Cult of ‘Minimum’

Allow for Organic Growth

Open ‘Doors and Windows’ – International Inputs

Doors for People / Windows for Ideas


What should me aim at

WHAT SHOULD ME AIM AT ?

♦ Mintzberg – Managers not just MBA

♦ India – Leaders not just Managers

♦ Leadership

- Academic

- Professional

- Development Oportunity

- Innovation


Me hardware software

ME HARDWARE & SOFTWARE

Hardware : Knowledge and Functional Skills

Software : Personal Growth – Leadership Development

Multiple Intelligences – Gardner – ‘Seven Intelligences’


Role of soft skills in developing multiple intelligences

ROLE OF SOFT SKILLS IN DEVELOPING MULTIPLE INTELLIGENCES

4 Intelligences

4 Attributes

4 Roles

Body

( To Live)

Physical Intelligence

Vision

Modeling

Focus

Mind

(To Learn)

Mental Intelligence

Discipline

Pathfinding

Heart

(To Love)

Emotional Intelligence

Passion

Aligning

Execution

Spirit

(To leave a legacy)

(Covey)

Spiritual Intelligence

Conscience

Empowering


India in the running

INDIA IN THE RUNNING

Asia as the World Leader in Knowledge

India’s opportunity

We see it ! Can we seize it ?

Let’s arise , awake and ‘Stop not’ till we lead!

WE SHALL MAKE IT !


Dr v n bedekar memorial lecture

THANK YOU


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